5Lorsch, Jay L. and Elizabeth M. Maclver, 1989, Pawns of Importance? The Reality of America's Boards (Harvard Business School Press, Boston).
6Hermalin, Benjamin E. ,and Michael S.Weisbach, 1988, The Determinants of Board Composition. RAND Journal of Economics 19,589 - 606.
7Michael S. Weisbach, 1988, Outside Directors and CEO Tumover.20.Journal of Financial Economics.
8John E. Core, Robert W. Holthausen and David F. Larcker, 1999, Corporate Govemance, CEO Compensation, and Firm Performance,51 Journal of Financial Economics.
9Sanjai Bhagat and Bemard Black, 1998, Board Independence and Long-Term Firm Performance? (Working Paper)
10James F.Cotter,Anil Shivdasani and Marc Zenner, 1997, Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers? 43 Journal of Financial Economics.
